Incentive - April 2008 - (Page 10) IN THE NEWS continued from page 8 be on a similar trajectory. Arnold Light, founder of The Light Group and currently a consultant for the Fire and Light Group, is one of them. “We’re seeing more and more incentive programs aligning with the goals of a corporation in terms of employees and their wellbeing,” says Light. “Management is coming to realize that recognition is a key component of retention. It really has become crucial.” tracks employee development and achievement, or simply laying out the organization’s goals to workers at all levels. The white paper describes some of the best practices at the companies studied, including Denmark’s Danske Bank, which uses performance-evaluation software that allows employees to view their progress and management to have a clear sense of its talent pool. Then there is Office Depot, where a “collective ownership of the hiring process” means potential employees are put through Where Are We? Do you recognize this destination? E-mail jennifer.juergens@nielsen.com with your answer, and be entered into a drawing for a $100 Marriott travel card. Visit www.incentivemag.com/wherearewe for the full-size photo. Last month’s picture featured Jennifer Juergens at Grounds for Sculpture in Hamilton, NJ “Management is coming to realize recognition is a key component of retention.” –Arnold Light, consultant, Fire and Light Group The report puts forth specific recommendations on developing an effective talent management and recognition strategy, particularly by integrating the performance management system to allow for consistent “talent mapping” and employee evaluation, “from the executive suite to the machine shop,” as the report’s editor, Dan Armstrong, puts it. According to Armstrong, “Businesses are developing enterprise-wide processes to ensure that the right employees and the right performance incentives are in place to execute strategy.” This could involve shifting to an electronic platform that rigorous interviews to be sure they will fit into the company’s team-oriented culture. “There are functions that are strictly aligned to training and retention and recognition. All the elements that go into the reward program must be linked together clearly,” says Light. “When a company has clearly defined goals and they are spelled out to an employee, there is a clear path, and [the employees] can work toward those goals, they are recognized in what they do, they want to do it right. There must be rewards that are commensurate with their value.” The full report is available at: www.eiu.com/sponsor/ oracle/talent I The Incentive Editorial Advisory Board • Ira Almeas, President, Impact Incentives and Meetings • Bill Boyd, President and CEO, Sunbelt Motivation and Travel • Adrienne Forest, Assistant Vice President, Special Markets, Bulova Corp. • Karen Eglitis, Unit Business Manager, Premium & Incentive, Bose Corp. • Terry Markwart, Director & Assistant General Mgr. of U.S. Sales, Canon USA • Steve Lowe, Director of Sales, Harrah’s & Harveys Lake Tahoe • Rodger Stotz, Vice President, Managing Consultant, Maritz Incentives • Jon Von Rentzell, Vice President, Recognition and Rewards, Carlson Marketing • Joe Zanone, Senior Vice President, Movado Group Inc. • Gail Fitzgerald, Vice President Hotel Sales & Marketing, CityCenter Las Vegas • Chris Flatt, Executive Vice President Hotel Sales & Marketing, Wynn Las Vegas • Cindy Mielke, Manager, National Accounts, Marketing Innovators • Anne Platt, Director, Gift Card Services, Best Buy • Dick Gaeta, President, Premier Incentives • Art Masarky, Senior Director, Human Resources, Heineken, USA • Dennis O. Borst, President and COO, Patriot Marketing Group • Patrick Sullivan, President, PRA Destination Management New York • Michael Arkes, President and CEO Hinda Incentives 10 | Incentive | April 2008 | incentivemag.com http://www.incentivemag.com/wherearewe http://www.eiu.com/sponsor/article/talent http://incentivemag.com
For optimal viewing of this digital publication, please enable JavaScript and then refresh the page. If you would like to try to load the digital publication without using Flash Player detection, please click here.